Tex. Ins. Code § 1153.105 · Subchapter C. RATES
RATE WITHIN CERTAIN PERCENTAGES OF PRESUMPTIVE RATE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An insurer electing to deviate from the presumptive rate shall file with the commissioner the insurer's proposed rate for credit life and credit accident and health insurance.
(b) On filing the rate with the commissioner, the insurer may use the filed rate until the insurer elects to file a different rate.
(c) Except as provided by Section 1153.106, an insurer may not use a rate that is more than 30 percent higher or more than 30 percent lower than the presumptive rate.
(d) Except as provided by this subchapter, a rate that complies with this section is valid and in compliance with the requirements of this subchapter and other applicable law.
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 1276, Sec. 10A.304(b), eff. Sept. 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1153.htm
- Text hash
- sha256 7f883a32472cb52bfbd80951af6da4e416d9477319904fbf3f27e265ff233d5a
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
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